House of Representatives to Unleash Their Own Version of ‘PELOSI Act’

The heat is on in the halls of Congress — and this time, it’s about insider trading. Rep. Mark Alford, R-Mo., is taking a swing at what many critics call the “legalized corruption” infecting Washington, D.C., with a new bill that aims squarely at the controversial practice of congressional stock trading.

The bill, which mirrors Sen. Josh Hawley’s so-called PELOSI Act in the Senate, was introduced Wednesday morning and has already stirred fierce debate. The legislation would ban lawmakers and their spouses from buying, selling, or holding individual stocks while in office — a direct response to years of public outrage over alleged profiteering by political elites, most notoriously former Speaker Nancy Pelosi.

“Americans are sick and tired of watching their representatives grow mysteriously wealthy while the country suffers,” Alford said in a statement. “We’re not supposed to use insider knowledge for personal gain — we’re supposed to serve the people.”

Under Alford’s plan, members of Congress would have 180 days to ditch their personal stock holdings once the bill becomes law. New members would face the same six-month deadline. Lawmakers could still invest in mutual funds, ETFs, and Treasury bonds — options not tied to individual companies or inside information.

If they break the rules? They’d be forced to fork over their profits to the U.S. Treasury — and face a penalty of up to 10% of each shady transaction. House and Senate ethics panels would hold enforcement power.

Pelosi in the Crosshairs

Though the bill never mentions Pelosi by name, the title of its Senate counterpart — the “Preventing Elected Leaders from Owning Securities and Investments Act,” or PELOSI Act — makes the target unmistakable.

The former House Speaker and her husband, investor Paul Pelosi, have faced heavy scrutiny for years over stock trades that critics say often coincided with major legislation or closed-door briefings.

“I watched Nancy Pelosi get rich through insider information,” President Donald Trump told Time magazine last month. “If they send [a ban] to me, I would do it.”

Pressed further on whether he’d sign it into law, Trump responded flatly: “Absolutely.”

Bipartisan Momentum — or Political Theater?

While the bill has gained traction with Republicans eager to hammer Pelosi and other longtime lawmakers, even some Democrats are hesitantly climbing aboard. House Minority Leader Hakeem Jeffries, D-N.Y., recently voiced support for a trading ban, signaling growing bipartisan pressure — or at least an acknowledgment of voter disgust.

“Congress has lost the public’s trust,” Alford said. “It’s time we earn it back — starting with banning the backroom deals that have made some members millionaires.”

The move places Alford, a freshman lawmaker and former TV anchor, squarely in the populist lane of the GOP — alongside Trump and Hawley, both outspoken critics of Washington’s political class and their financial perks.

Whether the bill will survive partisan gamesmanship remains to be seen. But with the 2026 midterms already looming and voter anger over D.C. corruption boiling over, the pressure on lawmakers to clean up their portfolios — or pay the price — is mounting fast.

“This is about accountability,” Alford declared. “You shouldn’t get rich while you’re supposed to be working for the American people.”

READ the Full text of the legislation: (click here)